Comcast to spend $6M to build fiber network out to 5 Silicon Valley business parks

Comcast Business Services said it will spend $6 million to expand its fiber network to five new business parks being built in San Jose, California.

The expansion will deliver download speeds of 10 gigabits per second to 1,600 business located in the heart of Silicon Valley.

“With a population surpassing 1 million, San Jose is the 10th largest city in the country, the third largest in California, and the heart of Silicon Valley. It’s a thriving technology hub, home to tech giants such as Apple, eBay, Cisco and PayPal,” said Matthew Mahood, president and CEO of The Silicon Valley Organization, in a statement.

“Companies of all sizes can meet their capacity needs now and prepare for future requirements as well, all while benefitting from our advanced telecommunications services,” added Ted Girdner, vice president of Comcast Business for California. “Not only does this help organizations meet customer needs and drive growth, but it helps boost the local economy as well.”

The cable operator also touted a $200,00 Ethernet expansion to Washington’s Northern Quest Resort & Casino, as well as the surrounding area in Airway Heights.

Comcast's business services revenue increased 12.6% to $1.58 billion for the third quarter.